Morning News

• Futures are pointing to a lower open this morning.

• March trade gap to be released today.

• University of Michigan poll of May consumer sentiment also to be released today.

• Also to be released today is April's import price index.

• Bausch & Lomb Inc. plans to delay its quarterly filing.

• Best Buy Co. to buy majority stake in China's fourth largest appliance and electronics retailer.

• International Energy Agency cuts it view on global demand for oil.

• Iranian president now saying talks are possible over his countries nuclear program.

• Crude oil is $72.66 per barrel.

• Wholesale gasoline is currently $2.18 per gallon.

• Natural gas down to $6.52 per unit.

• Gold continues its move upward. The current price is $728.00 per ounce.

Budd Foxx